Ethics

Wall Street Journal Headlines

Wells Fargo Chief Executive Timothy Sloan said during a town-hall meeting that the bank found “some instances” where reports by employees of bad behavior to its ethics line weren’t handled appropriately.

The president-elect isn’t planning to appoint any of his children to formal roles in his administration. But his plan for three of them to run his sprawling business empire while he is in the White House is drawing fire from ethics watchdogs who say it would pose too many potential conflicts of interest.

President-elect Donald Trump’s transition team on Wednesday finalized a 13-point code of ethics that bars registered lobbyists from working on transition matters on which they had previously lobbied the government, a slightly looser version of the lobbyist ban President Barack Obama enacted in 2008.

The real-estate company controlled by Jared Kushner, Donald Trump’s son-in-law, has hundreds of millions of dollars in loans from domestic and foreign banks. Those and other financing arrangements could draw fresh conflict-of-interest scrutiny even if he is an unpaid adviser to the president-elect.

A survey of around 800 executives found while 98% of senior executives expressed a commitment to ethics and compliance, only 55% say corporate leaders offer little more than ad-hoc program oversight or delegate most oversight responsibility.

Donald Trump outlined a package of “ethics reforms” that he said he would push for if elected, including legislation that would ban executive branch officials and members of Congress from lobbying the government for five years after they leave office.

New York Gov. Andrew Cuomo and legislative leaders struck an end-of-session deal Friday that centered on an ethics package that aims to strip pensions from public officers convicted of a felony, with additional measures including a one-year extension of mayoral control of New York City schools.

Kasey Ingram, general counsel and chief compliance officer for biosciences and chemicals company ISK Americas, discusses how Japanese culture helps drive compliance at the company and why the company maintains its compliance function within its legal department.